Chandhiok & Mahajan advised Clariant Chemicals India on sale transaction of INR 4.2 billion

Clariant Chemicals (India) Limited, incorporated in India and listed on the Bombay Stock Exchange, completed the sale of its entire additive and colour masterbatch business, by way of a slump sale, to PolyOne Polymers India Private Limited for a consideration of INR 4.2 billion (subject to normal adjustments) on July 01, 2020.

Chandhiok & Mahajan, Advocates and Solicitors, advised Clariant Chemicals (India) Limited on the slump sale transaction and assisted on various legal aspects pertaining to the slump sale.

Chandhiok & Mahajan was led by team of managing partner Pooja Mahajan, partner Kaushalya Venkataraman and associate Jagrat Rawal. 

PolyOne Polymers India Private Limited was advised by AZB & Partners led by a team of partner Vivek Bajaj, senior associate Vydyanathan L and associate Kaavya Raghavan.